How low will ETH go?

TreasureHunter

TreasureHunter

Well-Known Member
Hi,

How low do you expect ETH do dive? I think the bottom could be somewhere between 1,000-1,500 $. By checking the charts I can see a typical asset bubble shape popping and by taking account of the 2018 bubble, I think ETH can go this low (but I might not be right).

What do you think?
 
Polar.bear.Stacker said:
I'll buy back in if it sinks below 2k
Click to expand...

I also think that sub-2000 $ is a good buy.

I am contemplating whether it's BTC or ETH that's a better investment in terms of growth potential (percentage-wise).

For example: should you put X amount into BTC or ETH? Suppose you can only choose one...
 
I wouldnt be able to guess how low Haha. I'm ready to buy back in whenever it turns tho.
I'm long term bullish on cryptos but the wild swings are hard for me to stomache and hodl through. They are very volatile no doubt.
 
as low as the USD will go down, when the USD is so restrictive
cryptos will be rejected
if there is no longer USD acceptability, cryptos acceptability goes with it
 
TreasureHunter said:
I also think that sub-2000 $ is a good buy.

I am contemplating whether it's BTC or ETH that's a better investment in terms of growth potential (percentage-wise).

For example: should you put X amount into BTC or ETH? Suppose you can only choose one...
Click to expand...
If I could only choose one right now it would be ETH. I think there will be a supply squeeze, due to the eth that is now burned, plus a lot of investors trying to get a hold of ETH to stake it to earn passive income. There will initially be some decent APY’s for staking ETH.
 
TreasureHunter said:
Hi,

How low do you expect ETH do dive? I think the bottom could be somewhere between 1,000-1,500 $. By checking the charts I can see a typical asset bubble shape popping and by taking account of the 2018 bubble, I think ETH can go this low (but I might not be right).

What do you think?
Click to expand...
I’m not very how low it will go, but I’ll be keeping an eye on RSI and Moving averages to decide when I’ll be purchasing more
 
The real question is how low will this, and all the other shitcoins, go when they are regarded as unregistered securities by the SEC. ie. scams. That's clearly the direction the SEC are moving in.

My advice. Stick with Bitcoin.
 
I think ETH will double easier from around 3,000 $ now, rather than BTC from around 43,000 $ currently.

In fact, with the increasing adoption rate, promotion and the notorious infrastructure and more transparency (let's not forget, ETH is not the creation of some shady obscure "Satoshi Nakamoto"),
but has a real team behind it >>> then I think it could even reach BTC's level.

ETH can go into the tens of thousands range easier than could BTC reach 100,000 $.
 
It will go down as long as it takes for the average Chinese to take their money out. Bigger players likely have foriegn bank accounts or will find a way to stay in but for the masses time is approaching when Chinese banks and apps will no longer accept return deposits, unlike prior "Bans" this time banks and apps are cutting its cords.

So it would depend how much do average Chinese have of the particular coin.

Say after a Chinese holiday one still had $1,000 worth Yuan before covid and still had it, and Australia announced that iti s baning all conversion of Yuan to AUD from 1st Jan 2022 be it via banks or licensed money/note exchange, most will make sure to convert it before the date.
 
TreasureHunter said:
In fact, with the increasing adoption rate, promotion and the notorious infrastructure and more transparency (let's not forget, ETH is not the creation of some shady obscure "Satoshi Nakamoto"),
but has a real team behind it >>> then I think it could even reach BTC's level.
Click to expand...

Probably wasting my time but here's nothing shady about the people behind BTC, anyone can get involved in the development of the project and ETH will not reach BTC's price levels.
 
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